Refining Industry Outlook in North America, 2013 - Capacity Analysis, Forecasts and Details of All Operating and Planned Refineries to 2017

Refining Industry Outlook in North America, 2013 - Capacity Analysis, Forecasts and Details of All Operating and Planned Refineries to 2017

Summary

GlobalData’s energy offering, “Refining Industry Outlook in North America, 2013 - Capacity Analysis, Forecasts and Details of All Operating and Planned Refineries to 2017” is the essential source for industry data and information relating to the refining industry in North America. It provides asset level information relating to active and planned refineries in North America. The details of major companies operating in the refining industry in North America are included in the report. The latest news and deals relating to the sector are also provided and analyzed.

This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData’s team of industry experts.

Scope

- Updated information relating to all active and planned refineries
- Provides historical data from 2005 to 2012, forecast to 2017
- Information on refining, FCC, hydrocracking and coking capacities by refinery and country
- Provides operator information for all active and planned refineries
- Identifies key trends and issues in the refining industry
- Information on the top companies in the sector including business description and strategic analysis. Key companies covered are Valero Energy Corporation, ExxonMobil Corporation and Petroleos Mexicanos
- Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
- Key mergers and acquisitions, partnerships, private equity investments and IPOs.

Reasons to buy

- Obtain the most up to date information available on all active and planned refineries in North America
- Identify growth segments and opportunities in the industry.
- Facilitate market analysis and forecasting of future industry trends.
- Facilitate decision making on the basis of strong historic and forecast refinery and unit capacity data.
- Assess your competitor’s refining portfolio and its evolution
- Understand and respond to your competitors business structure, strategy and prospects.
- Develop strategies based on the latest operational, financial, and regulatory events.
- Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
- Identify and analyze the strengths and weaknesses of the leading companies in North America.

1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 7
1.2 List of Figures 9
2 Introduction 10
2.1 What is This Report About? 10
2.2 How to Use This Report? 10
2.3 Market Definition 10
3 North America Refining Industry 11
3.1 North America Refining Industry, Snapshot 11
3.1.1 North America Refining Industry, Key Data, 2012 11
3.1.2 North America Refining Industry, Refining Capacity by The US Regions, Canada and Mexico, 2005-2017 11
3.1.3 North America Refining Industry, Refining Capacity Share vis-à-vis Growth by The US Regions, Canada and Mexico, 2007-2012 12
3.1.4 North America Refining Industry, Coking Capacity by The US Regions, Canada and Mexico, 2005-2017 13
3.1.5 North America Refining Industry, Coking Capacity Share vis-à-vis Growth The US Regions, Canada and Mexico, 2007-2012 13
3.1.6 North America Refining Industry, Fluid Catalytic Cracking Capacity by The US Regions, Canada and Mexico, 2005-2017 14
3.1.7 North America Refining Industry, Fluid Catalytic Cracking Capacity Share vis-à-vis Growth by The US Regions, Canada and Mexico, 2007-2012 15
3.1.8 North America Refining Industry, Hydrocracking Capacity by The US Regions, Canada and Mexico, 2005-2017 16
3.1.9 North America Refining Industry, Hydrocracking Capacity Share vis-à-vis Growth The US Regions, Canada and Mexico, 2007-2012 16
3.2 North America Refining Industry, Market Share Analysis by Key Companies 17
3.2.1 North America Refining Industry, Refining Capacity by Top 5 Companies, 2005-2017 17
3.2.2 North America Refining Industry, Refining Capacity Share vis-à-vis Growth by Top 5 Companies, 2007-2012 18
3.2.3 North America Refining Industry, Coking Capacity by Top 5 Companies, 2005-2017 19
3.2.4 North America Refining Industry, Coking Capacity Market Share vis-à-vis Growth by Top 5 Companies, 2007-2012 19
3.2.5 North America Refining Industry, Fluid Catalytic Cracking Capacity by Top 5 Companies, 2005-2017 20
3.2.6 North America Refining Industry, Fluid Catalytic Cracking Capacity Market Share vis-à-vis Growth by Top 5 Companies, 2007-2012 20
3.2.7 North America Refining Industry, Hydrocracking Capacity by Top 5 Companies, 2005-2017 21
3.2.8 North America Refining Industry, Hydrocracking Capacity Market Share vis-à-vis Growth by Top 5 Companies, 2007-2012 21
3.3 North America Refining Industry: Key Trends and Issues 22
3.3.1 North America refining industry will witness a limited capacity expansion during 2012-2017 22
3.3.2 The US will continue to dominate the global refining industry during in the next five years 22
3.3.3 The Middle West region of the US will witness the largest refining capacity addition during 2012–2017 23
3.3.4 Sustained availability of crude oil and cheaper refinery fuel can be advantageous to the refining industry in North America 23
3.3.5 Stringent environmental regulations are affecting the refining industry in the US 23
3.4 Refining Industry in The United States, Gulf Coast 24
3.4.1 Refining Industry in The United States Gulf Coast, Crude Distillation Unit Capacity, 2005-2017 24
3.4.2 Refining Industry in The United States Gulf Coast, Coking Capacity, 2005-2017 28
3.4.3 Refining Industry in The United States Gulf Coast, Fluid Catalytic Cracking Capacity, 2005-2017 29
3.4.4 Refining Industry in The United States Gulf Coast, Hydrocracking Capacity, 2005-2017 31
3.5 Refining Industry in The United States, Midwest 32
3.5.1 Refining Industry in The United States Midwest, Crude Distillation Unit Capacity, 2005-2017 33
3.5.2 Refining Industry in The United States Midwest, Coking Capacity, 2005-2017 35
3.5.3 Refining Industry in The United States Midwest, Fluid Catalytic Cracking Capacity, 2005-2017 36
3.5.4 Refining Industry in The United States Midwest, Hydrocracking Capacity, 2005-2017 37
3.6 Refining Industry in The United States, West Coast 38
3.6.1 Refining Industry in The United States West Coast, Crude Distillation Unit Capacity, 2005-2017 38
3.6.2 Refining Industry in The United States West Coast, Coking Capacity, 2005-2017 41
3.6.3 Refining Industry in The United States West Coast, Fluid Catalytic Cracking Capacity, 2005-2017 42
3.6.4 Refining Industry in The United States West Coast, Hydrocracking Capacity, 2005-2017 43
3.7 Refining Industry in The United States, East Coast 44
3.7.1 Refining Industry in The United States East Coast, Crude Distillation Unit Capacity, 2005-2017 44
3.7.2 Refining Industry in The United States East Coast, Coking Capacity, 2005-2017 45
3.7.3 Refining Industry in The United States East Coast, Fluid Catalytic Cracking Capacity, 2005-2017 45
3.7.4 Refining Industry in The United States East Coast, Hydrocracking Capacity, 2005-2017 46
3.8 Refining Industry in The United States, Rocky Mountain 46
3.8.1 Refining Industry in The United States Rocky Mountain, Crude Distillation Unit Capacity, 2005-2017 47
3.8.2 Refining Industry in The United States Rocky Mountain, Coking Capacity, 2005-2017 48
3.8.3 Refining Industry in The United States Rocky Mountain, Fluid Catalytic Cracking Capacity, 2005-2017 49
3.8.4 Refining Industry in The United States Rocky Mountain, Hydrocracking Capacity, 2005-2017 50
3.9 Refining Industry in Canada 50
3.9.1 Refining Industry in Canada, Crude Distillation Unit Capacity, 2005-2017 51
3.9.2 Refining Industry in Canada, Coking Capacity, 2005-2017 52
3.9.3 Refining Industry in Canada, Fluid Catalytic Cracking Capacity, 2005-2017 53
3.9.4 Refining Industry in Canada, Hydrocracking Capacity, 2005-2017 54
3.10 Refining Industry in Mexico 54
3.10.1 Refining Industry in Mexico, Crude Distillation Unit Capacity, 2005-2017 55
3.10.2 Refining Industry in Mexico, Coking Capacity, 2005-2017 55
3.10.3 Refining Industry in Mexico, Fluid Catalytic Cracking Capacity, 2005-2017 56
3.10.4 Refining Industry in Mexico, Hydrocracking Capacity, 2005-2017 56
4 Profile of Valero Energy Corporation 57
4.1 Valero Energy Corporation, Key Information 57
4.2 Valero Energy Corporation, Company Overview 57
4.3 Valero Energy Corporation, Business Description 57
4.3.1 Business Overview 57
4.3.2 Ethanol 58
4.3.3 Refining 58
4.3.4 Retail 59
4.4 Valero Energy Corporation, SWOT Analysis 60
4.4.1 Overview 60
4.4.2 Valero Energy Corporation Strengths 60
4.4.3 Valero Energy Corporation Weaknesses 62
4.4.4 Valero Energy Corporation Opportunities 62
4.4.5 Valero Energy Corporation Threats 63
5 Profile of Exxon Mobil Corporation 65
5.1 Exxon Mobil Corporation, Key Information 65
5.2 Exxon Mobil Corporation, Company Overview 65
5.3 Exxon Mobil Corporation, Business Description 65
5.3.1 Business Overview 65
5.3.2 Chemical 66
5.3.3 Downstream 67
5.3.4 Upstream 68
5.4 Exxon Mobil Corporation, SWOT Analysis 68
5.4.1 Overview 68
5.4.2 Exxon Mobil Corporation Strengths 69
5.4.3 Exxon Mobil Corporation Weaknesses 71
5.4.4 Exxon Mobil Corporation Opportunities 71
5.4.5 Exxon Mobil Corporation Threats 74
6 Profile of Petroleos Mexicanos 76
6.1 Petroleos Mexicanos, Key Information 76
6.2 Petroleos Mexicanos, Company Overview 76
6.3 Petroleos Mexicanos, Business Description 76
6.3.1 Business Overview 76
6.3.2 Exploration and Production 77
6.3.3 Gas and Basic Petrochemicals 77
6.3.4 Petrochemicals 78
6.3.5 Refining 79
6.4 Petroleos Mexicanos, SWOT Analysis 80
6.4.1 Overview 80
6.4.2 Petroleos Mexicanos Strengths 80
6.4.3 Petroleos Mexicanos Weaknesses 82
6.4.4 Petroleos Mexicanos Opportunities 82
6.4.5 Petroleos Mexicanos Threats 83
7 Financial Deals Landscape 85
7.1 Detailed Deal Summary 85
7.1.1 Acquisition 85
7.1.2 Private Equity 93
7.1.3 Equity Offerings 97
7.1.4 Debt Offerings 103
7.1.5 Partnerships 107
7.1.6 Asset Transactions 108
8 Recent Developments 115
8.1 Strategy and Business Expansion 115
8.1.1 Jan 16, 2013: Valero Energy To Expand Houston Refinery With $280m Investment 115
8.1.2 Nov 28, 2012: Ergon Announces Expansion At West Virginia Refinery 115
8.1.3 Oct 16, 2012: Murphy Oil To Separate US Downstream Business Into Independent Company 115
8.1.4 Sep 19, 2012: Ergon Refining Plans Refinery Expansion In Vicksburg, Mississippi 117
8.1.5 Aug 23, 2012: Flint Hills Resources Studying Opportunities To Refine More Texas Crude While Continuing Success In Decreasing Emissions 117
8.1.6 Jul 09, 2012: Celtic Exploration To Build Gas Plant In Kaybob, Canada 118
8.1.7 Jun 06, 2012: ExxonMobil To Expand Houston Campus From Fairfax, Virginia And Akron, Ohio 119
8.1.8 May 16, 2012: JOGMEC And British Columbia Sign Mutural Co-operation Agreement For Potential Business Chance 119
8.1.9 Apr 27, 2012: Marathon Petroleum To Expand Garyville Refinery Capacity 120
8.1.10 Apr 04, 2012: ConocoPhillips Board Approves Refining Unit Spin-off 120
8.2 Drilling and Production Updates 122
8.2.1 Sep 23, 2012: Lyondell Says Its 273,433bpd Houston Refinery Incident Does Not Affect Production 122
8.3 Other Significant Developments 122
8.3.1 Jan 18, 2013: Delek US Holdings And Delek Logistics Partners Name Assi Ginzburg As CFO 122
8.3.2 Jan 16, 2013: HollyFrontier Reports Fire At Refinery In Cheyenne, US 122
8.3.3 Jan 15, 2013: BP Resumes Operations At California Refinery Jet Hydrotreater 123
8.3.4 Jan 15, 2013: Chevron Reports Fire Accident At El Segundo Refinery In California 123
8.3.5 Jan 15, 2013: US Refinery Sector Critical To Security And Strong Economy: API 123
8.3.6 Jan 10, 2013: Chevron To Complete Repairs At Richmond Refinery After Fire Accident 124
8.3.7 Jan 09, 2013: Hess Announces 2013 Capital And Exploratory Budget 124
8.3.8 Jan 02, 2013: BP Receives Air Permit To Expand Whiting Refinery 125
8.3.9 Jan 02, 2013: PBF Energy Upsizes Credit Agreement; Terminates Certain Offtake Agreements With Morgan Stanley 125
9 Appendix 126
9.1 Abbreviations 126
9.2 Methodology 126
9.2.1 Coverage 126
9.2.2 Secondary Research 127
9.2.3 Primary Research 127
9.3 Contact Us 127
9.4 Disclaimer 128

1.1 List of Tables
Table 1: North America, Refinery Key Statistics, 2012 11
Table 2: North America, Refining Capacity by The US Regions, Canada and Mexico, 2005-2017 11
Table 3: North America, Coking Unit Capacity by The US Regions, Canada and Mexico, 2005-2017 13
Table 4: North America, Fluid Catalytic Cracking Unit Capacity by The US Regions, Canada and Mexico, 2005-2017 14
Table 5: North America, Hydrocracking Unit Capacity by The US Regions, Canada and Mexico, 2005-2017 16
Table 6: North America, Refining Capacity by Top 5 Companies (MMTPA), 2005-2017 17
Table 7: North America, Coking Capacity by Top 5 Companies (MMTPA), 2005-2017 19
Table 8: North America, Fluid Catalytic Cracking Capacity by Top 5 Companies (MMTPA), 2005-2017 20
Table 9: North America, Hydrocracking Capacity by Top 5 Companies (MMTPA), 2005-2017 21
Table 10: North America, Crude Distillation Unit Capacity in The US Gulf Coast (MMTPA), 2005-2017 24
Table 11: North America, Crude Distillation Unit Capacity in The US Gulf Coast (MMTPA), 2005-2017 (Contd.1) 25
Table 12: North America, Crude Distillation Unit Capacity in The US Gulf Coast (MMTPA), 2005-2017 (Contd.2) 26
Table 13: North America, Crude Distillation Unit Capacity in The US Gulf Coast (MMTPA), 2005-2017 (Contd.3) 27
Table 14: North America, Coking Unit Capacity in The US Gulf Coast (MMTPA), 2005-2017 28
Table 15: North America, Fluid Catalytic Cracking Unit Capacity in The US Gulf Coast (MMTPA), 2005-2017 29
Table 16: North America, Fluid Catalytic Cracking Unit Capacity in The US Gulf Coast (MMTPA), 2005-2017 (Contd.1) 30
Table 17: North America, Hydrocracking Unit Capacity in The US Gulf Coast (MMTPA), 2005-2017 31
Table 18: North America, Hydrocracking Unit Capacity in The US Gulf Coast (MMTPA), 2005-2017 (Contd.1) 32
Table 19: North America, Crude Distillation Unit Capacity in The US Midwest (MMTPA), 2005-2017 33
Table 20: North America, Crude Distillation Unit Capacity in The US Midwest (MMTPA), 2005-2017 (Contd.1) 34
Table 21: North America, Coking Unit Capacity in The US Midwest (MMTPA), 2005-2017 35
Table 22: North America, Fluid Catalytic Cracking Unit Capacity in The US Midwest (MMTPA), 2005-2017 36
Table 23: North America, Fluid Catalytic Cracking Unit Capacity in The US Midwest (MMTPA), 2005- (Contd.1)2017 37
Table 24: North America, Hydrocracking Unit Capacity in The US Midwest (MMTPA), 2005-2017 37
Table 25: North America, Crude Distillation Unit Capacity in The US West Coast (MMTPA), 2005-2017 38
Table 26: North America, Crude Distillation Unit Capacity in The US West Coast (MMTPA), 2005-2017 (Contd.1) 39
Table 27: North America, Crude Distillation Unit Capacity in The US West Coast (MMTPA), 2005-2017 (Contd.2) 40
Table 28: North America, Coking Unit Capacity in The US West Coast (MMTPA), 2005-2017 41
Table 29: North America, Fluid Catalytic Cracking Unit Capacity in The US West Coast (MMTPA), 2005-2017 42
Table 30: North America, Hydrocracking Unit Capacity in The US West Coast (MMTPA), 2005-2017 43
Table 31: North America, Crude Distillation Unit Capacity in The US East Coast (MMTPA), 2005-2017 44
Table 32: North America, Coking Unit Capacity in The US East Coast (MMTPA), 2005-2017 45
Table 33: North America, Fluid Catalytic Cracking Unit Capacity in The US East Coast (MMTPA), 2005-2017 45
Table 34: North America, Hydrocracking Unit Capacity in The US East Coast (MMTPA), 2005-2017 46
Table 35: North America, Crude Distillation Unit Capacity in The US Rocky Mountain (MMTPA), 2005-2017 47
Table 36: North America, Coking Unit Capacity in The US Rocky Mountain (MMTPA), 2005-2017 48
Table 37: North America, Fluid Catalytic Cracking Unit Capacity in The US Rocky Mountain (MMTPA), 2005-2017 49
Table 38: North America, Hydrocracking Unit Capacity in The US Rocky Mountain (MMTPA), 2005-2017 50
Table 39: North America, Crude Distillation Unit Capacity in Canada (MMTPA), 2005-2017 51
Table 40: North America, Coking Unit Capacity in Canada (MMTPA), 2005-2017 52
Table 41: North America, Fluid Catalytic Cracking Unit Capacity in Canada (MMTPA), 2005-2017 53
Table 42: North America, Hydrocracking Unit Capacity in Canada (MMTPA), 2005-2017 54
Table 43: North America, Crude Distillation Unit Capacity in Mexico (MMTPA), 2005-2017 55
Table 44: North America, Coking Unit Capacity in Mexico (MMTPA), 2005-2017 55
Table 45: North America, Fluid Catalytic Cracking Unit Capacity in Mexico (MMTPA), 2005-2017 56
Table 46: North America, Hydrocracking Unit Capacity in Mexico (MMTPA), 2005-2017 56
Table 47: Valero Energy Corporation, Key Facts 57
Table 48: Valero Energy Corporation, SWOT Analysis 60
Table 49: Exxon Mobil Corporation, Key Facts 65
Table 50: Exxon Mobil Corporation, SWOT Analysis 69
Table 51: Petroleos Mexicanos, Key Facts 76
Table 52: Petroleos Mexicanos, SWOT Analysis 80
Table 53: Delek Sells 3.7% Stake In Delek US, Energy Company, For $57 Million 85
Table 54: Barclays Acquires Additional 5% Stake In Delek’s Refining And Retailing US Arm For $76 Million 86
Table 55: Calumet Specialty Products Completes Acquisition Of Montana Refining And Great Divide Pipeline From Connacher Oil and Gas For $201 Million 88
Table 56: Vertex Energy Completes Acquisition Of Vertex Acquisition From Vertex Holdings And B & S Cowart 90
Table 57: Delek Group Sells 5.15% Stake In Delek US For $71.5 Million 91
Table 58: TRC Capital To Acquire 0.48% Stake In Phillips 66 For $94 Million In Tender Offer 93
Table 59: Lindsay Goldberg Completes Acquisition Of 50% Stake In NuStar Asphalt From NuStar Energy For $175 Million 94
Table 60: Icahn Partners Completes Acquisition Of Additional 67% Stake In CVR Energy In Tender Offer For $2.03 Billion 95
Table 61: Calumet Specialty Prices Public Offering Of Units For $159 Million 97
Table 62: CVR Refining Completes IPO Of Units For $600 Million 99
Table 63: NuStar Energy Completes Public Offering Of Units For $349 Million 100
Table 64: Alon USA Partners Completes IPO Of Units For $184 Million 102
Table 65: ConocoPhillips Completes Public Offering Of 1.05% Notes Due 2017 For $1 Billion 103
Table 66: ConocoPhillips Completes Public Offering Of 2.04% Notes Due 2022 For $1 Billion 104
Table 67: Murphy Oil Completes Public Offering Of 2.5% Notes Due 2017 For $550 Million 106
Table 68: Carlyle Group Forms Joint Venture With Sunoco To Develop Philadelphia Refinery 107
Table 69: Calumet Specialty Products Completes Acquisition Of Refining And Terminal Assets In Texas From NuStar Refining And NuStar Logistics For $115 Million 108
Table 70: Marathon Petroleum To Acquire Texas City Refinery From BP For $2.5 Billion 110
Table 71: Tesoro To Acquire Carson Refinery And ARCO Retail Network In US From BP For $2.48 Billion 112
Table 72: Blue Dolphin Energy Plans To Acquire Ingleside Refinery In Texas From Lazarus Energy Holdings 114

1.2 List of Figures
Figure 1: North America, Country Wise Share vis-à-vis Growth by The US Regions, Canada and Mexico, 2007-2012 12
Figure 2: North America, Coking Capacity Share vis-à-vis Growth by The US Regions, Canada and Mexico,2007-2012 13
Figure 3: North America, Fluid Catalytic Cracking Capacity Share vis-à-vis Growth by The US Regions, Canada and Mexico, 2007-2012 15
Figure 4: North America, Hydrocracking Capacity Share vis-à-vis Growth by The US Regions, Canada and Mexico, 2007-2012 16
Figure 5: North America, Refining Capacity Share vis-à-vis Growth by Top 5 Companies, 2007-2012 18
Figure 6: North America, Coking Capacity Share vis-à-vis Growth by Top 5 Companies, 2007-2012 19
Figure 7: North America, Fluid Catalytic Cracking Capacity Share vis-à-vis Growth by Top 5 Companies, 2007-2012 20
Figure 8: North America, Hydrocracking Capacity Share vis-à-vis Growth by Top 5 Companies, 2007-2012 21